{"id":2034526,"date":"2023-09-16T12:49:05","date_gmt":"2023-09-16T16:49:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-number-of-americans-living-under-poverty-line-skyrocketed-by-real-wage-decline\/"},"modified":"2023-09-16T12:50:59","modified_gmt":"2023-09-16T16:50:59","slug":"bidenomics-number-of-americans-living-under-poverty-line-skyrocketed-by-real-wage-decline","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-number-of-americans-living-under-poverty-line-skyrocketed-by-real-wage-decline\/","title":{"rendered":"Bidenomics: Real wage decline leads to a surge in Americans living in poverty."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidenomics-number-of-americans-living-under-poverty-line-skyrocketed-by-real-wage-decline%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2034526&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Report Shows Increase \u200cin Americans \u2063Living Below Poverty Level<\/h2>\n<p>A recent\u200d report released by the U.S. \u2062Census Bureau has revealed a concerning trend &#8211; the number of Americans living below the poverty level has risen for the first time in years.<\/p>\n<p>According to <a href=\"https:\/\/www.usatoday.com\/story\/news\/nation\/2023\/09\/12\/us-poverty-rate-2022-increase\/70775443007\/\" target=\"_blank\" rel=\"noopener\">USA Today<\/a>, in \u200d2022, 12.4 percent of the population lived at or below\u2063 poverty level, a significant increase from the previous year&#8217;s 7.8 percent.<\/p>\n<p>Furthermore, the <a href=\"https:\/\/nypost.com\/2023\/09\/13\/us-incomes-fall-for-third-consecutive-year\/\" target=\"_blank\" rel=\"noopener\">New \u200cYork Post<\/a> \u200breports that pay raises have failed to keep up with inflation, leading to\u200c a decline\u200b in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/poll-shows-growing-democratic-opposition-to-cheap-labor-migration\/\" title=\"Poll Shows Growing Democratic Opposition to Cheap Labor Migration\">median household income<\/a>.<\/p>\n<p>According to data from the Census\u200b Bureau, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-number-of-americans-living-under-poverty-line-skyrocketed-by-real-wage-decline\/\" title=\"Bidenomics: Real wage decline leads to a surge in Americans living in poverty.\">inflation-adjusted median\u200c household income fell<\/a> by \u20622.3 percent from 2021 to 2022, dropping from $76,330 to \u200d$74,580. This \u200bdecline represents \u2062a \u200c4.7 percent decrease since 2019, the year before President \u2063Biden took office.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Today\u2019s cover: In Biden\u2019s war\u200c on \u200bpoverty, poverty \u2014 especially for kids \u2014 is winning <a href=\"https:\/\/t.co\/v2EZ31VAfo\">https:\/\/t.co\/v2EZ31VAfo<\/a> <a href=\"https:\/\/t.co\/yOnOrgPma1\">pic.twitter.com\/yOnOrgPma1<\/a><\/p>\n<p>\u2014 New York Post (@nypost) <a href=\"https:\/\/twitter.com\/nypost\/status\/1702271898208383157?\">September 14, 2023<\/a><\/p>\n<\/blockquote>\n<h3>Biden&#8217;s Economic Plan Falls Short<\/h3>\n<p>Despite President Biden&#8217;s confident \u200bclaims that his economic plan is working, evidence suggests \u2064otherwise. As reported by <a href=\"https:\/\/www.cnbc.com\/2023\/01\/12\/biden-says-inflation-slowdown-shows-his-economic-policies-are-working.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>, Biden pointed \u200dto slower inflation as a sign of\u2062 success. However, prices have continued to \u200crise.<\/p>\n<p>A report released by the Labor Department reveals\u200d that the Consumer Price Index was 6.5 percent higher\u2063 than the previous year. \u2062Since taking \u200boffice, \u200binflation has \u2062risen by \u200c13.7 percent, as stated by the <a href=\"https:\/\/nypost.com\/2023\/01\/14\/inflation-finally-easing-hides-true-toll-of-bidenomics-its-up-13-7-since-he-took-office\/\" target=\"_blank\" rel=\"noopener\">New York Post<\/a>.<\/p>\n<p>Many\u2062 Americans report feeling the negative effects of Biden&#8217;s economic policies. Recess Hyde, a 34-year-old New Yorker, shared his struggles of working two\u200d jobs to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/under-trump-americans-have-seen-their-best-wage-growth-in-40-years\/\" title=\"Under Trump, Americans Have Seen Their Best Wage Growth In 40 Years\">make ends meet<\/a>. He even has to research restaurant menus before going on a date to ensure affordability.<\/p>\n<p>Extreme measures, such as relying on \u2063food banks and asking family for financial assistance, have \u200cbecome necessary for some\u2063 Americans like Brooklyn resident Tselane Stevens,\u200d who hasn&#8217;t received \u2063a raise \u200bduring the major inflation period.<\/p>\n<p>The <a href=\"https:\/\/dailycaller.com\/2023\/09\/08\/americans-taking-second-jobs-part-time-work-inflation-continues-rage\/\" target=\"_blank\" rel=\"noopener\">Daily Caller<\/a> reports an increase in the number\u200b of Americans taking second or even third jobs to bridge the financial\u200b gaps. Additionally, more individuals are settling for part-time work when\u2062 they desire full-time employment.<\/p>\n<p>Economist Peter Earle\u2063 suggests that these trends indicate consumers are under duress, with\u200b businesses hiring cautiously due to uncertainty about future \u2062growth.<\/p>\n<p>It\u2063 is clear that Biden&#8217;s economic\u2062 plan, known\u200b as &#8220;Bidenomics,&#8221;\u200c has not delivered the promised results, \u2062leaving many Americans \u2063struggling to make ends meet.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/bidenomics-number-americans-living-poverty-line-skyrocketed-real-wage-decline\/\">Bidenomics:\u2062 Number of Americans Living Under Poverty Line Skyrocketed by Real Wage\u200c Decline<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western \u200bJournal<\/a>.<\/p>\n<p> <\/p>\n<h2> What are the far-reaching consequences of the increase in \u200dpoverty and decline in household income, particularly in terms of access to education and healthcare<\/h2>\n<p><span>  \u2063 According \u200dto\u200c the Bureau of Labor \u2064Statistics, the Consumer Price Index\u200b (CPI) \u2063increased by \u20625.4 percent in \u200d2022, reaching its highest level in over a decade. This surge in\u200c prices\u2063 has put an additional burden \u2064on already struggling households,\u2064 pushing many further into poverty.<\/p>\n<p>Not only have prices risen, but wages have failed to keep up. The stagnation in pay raises has further compounded the financial difficulties faced \u200dby Americans. As the New\u200b York Post highlights, \u2062this decline in incomes for the third consecutive year has had \u2063a profound impact on the overall well-being of households, particularly those \u2063with children.<\/p>\n<p>The consequences of this increase in poverty and decline in \u200bhousehold income are\u200b far-reaching. Families are finding\u200d it increasingly difficult \u200bto cover essential expenses such as housing, healthcare, and \u200ceducation. This can lead to long-term negative outcomes, such as limited access to quality education and healthcare,\u200d as well as\u200c increased rates of homelessness and food insecurity.<\/p>\n<p>President Biden&#8217;s economic plan, which promised to address these very issues, has fallen short \u200dof expectations. Despite initiatives such as the expansion of social welfare programs\u200c and tax\u200b credits,\u200d the reality for\u2064 many Americans remains grim. The \u200ccurrent statistics indicate that these efforts have not been sufficient in alleviating \u200cthe financial strain experienced by a significant portion of the population.<\/p>\n<p>Critics argue that a \u2062more comprehensive \u2062approach is\u2063 needed to combat the rising poverty and declining incomes. They \u2063emphasize\u2063 the importance of job creation,\u2064 wage\u200d growth, and targeted policies that address the root causes of poverty, \u2062such as affordable housing and access\u2064 to healthcare.<\/p>\n<p>In \u2063conclusion, the recent report revealing \u200can increase\u2062 in Americans living below the poverty level is\u2063 a cause for concern. The decline in household income,\u2062 coupled with rising prices, paints a\u2062 bleak\u2063 picture of the economic reality faced by many Americans. While President Biden&#8217;s economic plan aimed to tackle these issues, it has so far failed to produce the desired results. Urgent action is\u200d needed to \u2064address these challenges and provide support to those who are most vulnerable in society.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Census Bureau&#8217;s recent report reveals a concerning trend: the number of Americans living in poverty has surged for the first time in years. USA Today reports that in 2022, 12.4 percent of the population lived at or below the poverty level, a significant rise from 7.8 percent in 2021.<\/p>\n","protected":false},"author":2245,"featured_media":2034527,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2034526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2034526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2245"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2034526"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2034526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2034527"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2034526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2034526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2034526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}